The Board of Directors of KJTS Group Berhad announced that its wholly-owned subsidiary in Malaysia, KJ Technical Services Sdn Bhd (?KJTSSB?), had on 19 March 2024 accepted a Letter of Award from Syarikat Takaful Malaysia Keluarga Berhad (?STMKB?) for the replacement works of chiller system and subsequently the provision of operation and maintenance services at Menara Takaful Malaysia in Kuala Lumpur. Pursuant to the Contract, the scope of works shall cover the following: (a) Retrofit Works commence for a period of eight (8) months; and (b) O&M Services commence for a period of ten (10) years. Under the terms of the Contract, STMKB shall pay to KJTSSB a total of MYR 3,000,000.00 for the Retrofit Works via eight (8) monthly instalments, and MYR 3,600,000.00 which shall be paid at the rate of MYR 30,000.00 per month for the O&M Services.

The Retrofit Works have commenced on 1 March 2024 and expect to be completed on 31 October 2024. The O&M Services shall commence on 1 November 2024 and expect to be completed on 31 October 2034.